SHE:301501 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	264.62	295.63	225.31	265.55	132.37	97.26
Trading Asset Securities	482.04	-	-	-	0.02	-
Cash & Short-Term Investments	746.65	295.63	225.31	265.55	132.39	97.26
Cash Growth	231.38%	31.21%	-15.15%	100.58%	36.13%	-39.45%
Accounts Receivable	197.8	172.73	158.98	104.95	67.45	42.01
Other Receivables	3.6	2.26	3.34	2.9	1.96	16.15
Receivables	201.4	174.99	162.33	107.85	69.4	58.16
Inventory	254.21	202.63	217.31	193	144.81	118.65
Other Current Assets	47.98	43.14	38.82	24.47	16.01	13.88
Total Current Assets	1,250	716.39	643.77	590.87	362.62	287.94
Property, Plant & Equipment	1,335	1,139	809.34	547.69	292.59	187.66
Long-Term Investments	7	-	-	2.15	7.62	18.84
Other Intangible Assets	105.14	63.36	49.06	41.47	32.27	16.58
Long-Term Deferred Tax Assets	19.91	24.71	21.36	11.2	7.58	3.05
Long-Term Deferred Charges	7.46	7.66	8.13	7.9	8.74	2.98
Other Long-Term Assets	43.18	33.51	40.7	12.02	21.76	13.85
Total Assets	2,768	1,984	1,572	1,213	733.19	530.91
Accounts Payable	340.56	220.67	307.19	291.03	144.19	77.17
Accrued Expenses	33.36	49.27	32.46	23.66	18.88	19.36
Short-Term Debt	70.05	259.16	95.08	75.07	12.36	35.03
Current Portion of Long-Term Debt	51.36	32.42	-	-	-	-
Current Portion of Leases	-	8.73	9.74	4.77	3.66	-
Current Income Taxes Payable	15.35	9.25	11.25	11.1	5.14	4.28
Current Unearned Revenue	5.32	9.13	7.74	8.77	7.74	5.74
Other Current Liabilities	2.65	104.47	25.3	6.78	1.17	4.47
Total Current Liabilities	518.63	693.11	488.77	421.18	193.14	146.06
Long-Term Debt	72.5	94.07	110.46	74.43	-	-
Long-Term Leases	8.42	12.81	25.44	19.45	19.38	-
Long-Term Unearned Revenue	25.43	25.98	19.28	8.36	2.84	2.94
Long-Term Deferred Tax Liabilities	6.29	5.96	9.23	6.6	5.43	-
Other Long-Term Liabilities	-	37.29	37.29	35.69	30.69	19.61
Total Liabilities	631.27	869.22	690.49	565.71	251.48	168.6
Common Stock	147.9	76.5	76.5	76.5	76.5	72
Additional Paid-In Capital	1,152	345.57	345.57	346.72	346.51	78.43
Retained Earnings	753.22	619.34	399.44	185.58	38.11	203.23
Comprehensive Income & Other	11.34	5.06	-	-	-	-
Total Common Equity	2,064	1,046	821.51	608.8	461.13	353.66
Minority Interest	72.48	68.74	60.36	38.78	20.58	8.64
Shareholders' Equity	2,137	1,115	881.87	647.57	481.71	362.3
Total Liabilities & Equity	2,768	1,984	1,572	1,213	733.19	530.91
Total Debt	202.32	407.2	240.73	173.72	35.4	35.03
Net Cash (Debt)	544.33	-111.57	-15.42	91.83	96.99	62.22
Net Cash Growth	-	-	-	-5.32%	55.88%	-41.05%
Net Cash Per Share	4.11	-1.00	-0.14	0.83	0.93	-
Filing Date Shares Outstanding	147.9	110.93	110.93	110.8	110.93	-
Total Common Shares Outstanding	147.9	110.93	110.93	110.8	110.93	-
Working Capital	731.6	23.29	154.99	169.69	169.48	141.89
Book Value Per Share	13.96	9.43	7.41	5.49	4.16	-
Tangible Book Value	1,959	983.11	772.45	567.33	428.85	337.08
Tangible Book Value Per Share	13.25	8.86	6.96	5.12	3.87	-
Land	-	19.22	-	-	-	-
Buildings	-	466.23	197.48	113.4	107.01	96.8
Machinery	-	607.87	428.1	300.04	231	167.36
Construction In Progress	-	258.57	319.72	246.9	39.59	9.52

Source: S&P Global Market Intelligence. Standard template. Financial Sources.